⚡ Flash Summary

First Imrooz Modaraba has announced a board meeting scheduled for October 28, 2025, to approve the financial statements for the quarter ended September 30, 2025. In compliance with PSX rules, a closed period will be observed from October 21 to October 28, 2025, during which directors, the CEO, and executives are prohibited from dealing in the Modaraba’s certificates. This announcement indicates the impending release of the company’s financial performance for the quarter. The information has been uploaded to the PSX web portal PUCARS for TRE Certificate Holders.

📌 Key Takeaways

• 🗓️ Board meeting scheduled for October 28, 2025, to approve financial statements for Q1 2026.
• 🔒 Closed period enforced from October 21 to October 28, 2025, in accordance with PSX Rule 5.6.4.
• 🚫 Directors, CEO, and executives are restricted from trading Modaraba certificates during the closed period.
• 🌐 Information uploaded on PSX web portal PUCARS for TRE Certificate Holders.
• 🏢 Meeting will be held at 405, 4th Floor, Beaumont Plaza, Beaumont Road, Civil Lines Quarters, Karachi at 10:30 a.m..
• 📜 Financial statements under consideration are for the quarter ended September 30, 2025.
• 👤 Sheheryar Ali, Chief Financial Officer, signed the announcement on behalf of First Imrooz Modaraba.

🎯 Investment Thesis

HOLD. Without the financial results, it’s not possible to revise the recommendation. Monitoring of the actual financial performance is needed for a more informed investment decision.